Funding arb · Price arb /

SKR

all SKR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.017%

Price spread now: KuCoin against Bitget−0.078%7-day average +0.092% · you buy dearer than you sell

Net, funding: paid 7d − costs−$338as in the Funding arb table

Net, price: spread back to 7d avg − costs−$369as in the Price arb table

costs, in and out, $10k−$3523.517% of the position

Long on Bitget Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.133%+$13 on $10k

Price spread, last 4 days (all we have)+0.189%+$19 · spread now −0.078%, 7d avg +0.092%

Together, before fees+0.322%+$32 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.171% cheaper against Bitget than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of +0.092%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SKRUSDT	0.02173	0.0100	pay 0.0050% / 4h	3h 00m	$1.6M	$1.4M	20x
Short	KuCoin SKRUSDTM	0.02172	0.0100	get 0.0050% / 4h	3h 00m	$667K	$738K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BitgetbpFee KuCoinbpOrdersPrice spread, now −0.078%Rate

Funding earned: $0
Price spread: −0.078% → +0.092%: −$17.07
Slippage, 4 orders: −$327.72
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$368.79
Costs to cover: 3.517%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; KuCoin: live order book, 9 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bitget live order book, 2 min ago	5.04 bp	45.4 bp −$45	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 9 min ago	7.87 bp	152.6 bp −$153	doesn't fit	doesn't fit	doesn't fit

SKR on 15 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin SKR-USDT	−0.0140%	4h	0.02175	+0.092%	$243K	$162K	20x	as long as short
Lighter SKR	+0.0096%	1h	0.02167	−0.281%	$9K	$20K	3x	as long as short
Hyperliquid SKR	+0.0100%	1h	0.02172	−0.060%	$1.4M	$812K	3x	as long as short
Aster SKRUSDT	+0.0100%	4h	0.02169	−0.191%	$30K	$38K	5x	as long as short
Binance SKRUSDT	+0.0100%	4h	0.02170	−0.154%	$3.8M	$14.0M	20x	as long as short
Bybit SKRUSDT	+0.0100%	4h	0.02170	−0.147%	$4.6M	$5.4M	20x	as long as short
MEXC SKR_USDT	+0.0100%	4h	0.02171	−0.110%	$4.5M	$482K	20x	as long as short
KuCoin SKRUSDTMshort	+0.0100%	4h	0.02172	−0.078%	$667K	$738K	20x
Bitget SKRUSDTlong	+0.0100%	4h	0.02173	long leg	$1.6M	$1.4M	20x
BingX SKR-USDT	+0.0100%	4h	0.02172	−0.051%	—	$2.4M	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX SKR-USDT	+0.0100%	4h	0.02165	−0.382%	$2K	$2.3M	20x	as long as short
HTX SKR-USDT	+0.0100%	4h	0.02180	+0.322%	$14K	$34K	20x	as long as short
Gate SKR_USDT	+0.0424%	4h	0.02171	−0.115%	$1.1M	$583K	20x	as long as short
Backpack SKR_USDC_PERP	+0.0694%	1h	0.02170	−0.156%	$51K	$165K	5x	as long as short
Phoenix SKR	+0.0747%	1h	0.02171	−0.115%	$4K	$10K	3x	as long as short